Texas · Public charity
Economic Development Corporation of Weslaco
The economic development corporation's primary purpose is to enhance economic and industrial activities for the city of weslaco. Its main focus is in retaining and expanding existing business, and attracting new business and enhancing community assets; which infuses new dollars into the local economy.
- $3.1M
- Granted FY2023
- 14
- Grants FY2023
- 14
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Median grant, FY2023
- $45,313
- Largest grant, FY2023
- $2,250,000
- Organizations funded a year
- 11 to 19
- FY2017 to FY2023
- States reached, FY2023
- 1
- Total assets, FY2023
- $38M
How open it is to new grantees
In FY2023, 50% of the organizations Economic Development Corporation of Weslaco funded were first-time grantees, receiving 79% of its grant dollars.
New vs renewed · share of each year
In FY2023, 21% of grant dollars renewed an existing relationship; $2.4M went to new ones.
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2023 | 14 | $3.1M | 50% |
| FY2022 | 19 | $647k | 53% |
| FY2021 | 12 | $1.5M | 50% |
| FY2020 | 14 | $810k | 50% |
| FY2019 | 18 | $1.1M | 61% |
| FY2018 | 11 | $819k | 36% |
| FY2017 | 14 | $747k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2023.
Top grantees
Largest recipients by total granted, FY2017 to FY2023, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| City of Weslaco | $2,340,897 | 6 | n/a |
| South Texas College | $42,916 | 2 | n/a |
Plus 57 recipients with no EIN on record ($6.3M), not named here.
Compare Economic Development Corporation of Weslaco with peer funders
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About Economic Development Corporation of Weslaco
- How much does Economic Development Corporation of Weslaco give?
- Economic Development Corporation of Weslaco reported 14 grants totaling $3,086,144 in its FY2023 IRS filing. It funded between 11 and 19 organizations a year over FY2017 to FY2023.
- What does Economic Development Corporation of Weslaco fund?
- By grant dollars over FY2017 to FY2023, its largest causes are Public Benefit (27%), Community Improvement (24%), Human Services (6%).
- Who are Economic Development Corporation of Weslaco's largest grantees?
- By total granted over FY2017 to FY2023: City of Weslaco ($2.3M), South Texas College ($43k).
- Does Economic Development Corporation of Weslaco fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Where is Economic Development Corporation of Weslaco based?
- Economic Development Corporation of Weslaco is based in TX.
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